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A study earlier this year found that financial crime continues to be extremely prevalent in the financial services industry and across the wider sector. These challenges are somewhat brought on by inefficient and legacy technologies that are not meeting the standards necessary for the modern day. However, there are a handful of companies and technologies that have emerged, including FTC portfolio company Sigma ratings, that are leading the way in combatting this.
On the technologies driving the revolution in financial crime, Sigma Ratings CEO Stuart Jones also commented, “Fast moving developments in financial crime, a changing global risk landscape and increasing regulatory pressures are pushing global financial institutions and corporates to seek an always-on, data-driven, 360° view of risk around their clients and their clients’ associates.”
https://fintech.global/2022/11/30/the-technologies-leading-the-way-in-fighting-financial-crime/
